Today’s Stock Market Closing, 28 Aug: Nifty and Sensex Extended Previous Losses; Nifty Closed at 24,500 Mark, Broader Markets Ended With Sharper Losses

On Thursday, August 28, Indian markets extended losses and closed in red, a day after additional 25% punitive U.S. tariffs on local imports took effect. The index was weighed by index heavyweight Reliance Industries and HDFC Bank. 

At the closing bell, the Nifty 50 ended down by 211.15 points, or 0.85%, at 24,500.90. The Sensex tumbled by 705.97 points, or 0.87%, to 80,080.57. Nifty IT is down 1.59%, while the Realty index declined 1.5%. 

On the sectoral front, all of the 11 key sectoral indices ended in negative territory. Meanwhile, broader indices like Nifty Midcap 100 and Smallcap 100 ended in the red. 

Stock-Specific Highlights

Among individual stocks,

• Ola Electric Mobility share price jumped 7.91% as its Gen 3 scooters received compliance certification under the government's production-linked incentive scheme.
• JP Power Venture share price is locked in the 5% upper circuit as the company plans for expansion.

Nifty IT - Top Loser of the Day

The Nifty IT index declined 1.59%, emerging as the worst-performing sectoral index. HCL Technologies and TCS were the top losers in the pack.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Hindustan Unilever:  +11.41 points
• ITC: +8.43 points
• Maruti: +6.58 points

On the other hand, these stocks weighed on the index:

• Reliance Industries:  - 40.54 points
• HDFC Bank: - 30.07 points
• ICICI Bank: - 26.89 points

Broader Markets Negative

The broader market indices ended on a negative note. The Mid-cap 100 index ended down by 1.27% and the Small-cap 100 index closed lower by 1.45%. 

Market Breadth

As of August 28, 2025, the market breadth was in favour of declining stocks. Out of 3,075 stocks traded on the NSE, 960 advanced, 2,015 declined, and 100 remained unchanged. 

A total of 32 stocks touched their 52-week highs, while 83 hit their 52-week lows. Additionally, 57 stocks were locked in their upper circuits, whereas 58 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.